This is no longer true.
Based on the recent developments related to Dhani Loans…
- There were loans being disbursed without proper KYC.
- There are predatory loan/EMI schemes to prey on the less aware.
…i felt unethical and unsafe,
investing in their bonds (even for a few months).
Hence, i sold off my handful of bonds i had purchased as an experiment.
- Meanwhile, received 2 monthly dividend payments ~10% APR.
- Received a 1% STCG. (had bought bonds at 2% discount, sold them at 1% discount on their face-value)
Thankfully, i had NOT invested in the stocks of the same company.
Folks holding the same company’s stock,
have seen the value of their investment halved in a month! 
Note that even when the stocks of the company dived, hitting the exchange’s lower-circuit-breaker on 3 consecutive days, the company’s bonds stood strong. However, i lost my nerve that even the bonds would fall and that was a major reason that triggered me to sell them off sooner rather than later.
The fundamental issues do not appear to be specific to Dhani Loans alone. It appears to be the “Standard Operating Procedure” of NBFCs operating in India right now. Thus, this concludes my foray into the NBFC “cesspool”. Learnt few lessons. No obvious losses. 